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Non-Tech : Derivatives: Darth Vader's Revenge -- Ignore unavailable to you. Want to Upgrade?


To: axial who wrote (1691)8/18/2010 7:06:52 PM
From: Hawkmoon  Read Replies (1) | Respond to of 2794
 
Yep.. as it stands right now, naked CDS derivatives are literally not much different than the financial "fractional reserve" system, IMO.

There are insufficient capital reserves to handle a major domino effect of defaults.

Hawk